Progressive Markets published a report, Fitness Equipment Market – Based on Type (Strength Training Equipment, Cardiovascular Training Equipment and Other Equipment), End User (Health Clubs/Gyms, Home Consumer and Other Commercial Users), Geography (North America, Europe, Asia-Pacific & LAMEA) and Industry Forecast, 2016 – 2025. As per the report, the global market was valued at $9458.0 million in 2014 and is likely to garner $13535.4 million by 2025, growing at a CAGR of 3.81% during the forecast period.

The report provides a thorough analysis of the entire industry. It includes the research methodology used, market segmentation, market size by segment and regions, market forecast, market share analysis, market dynamics, value chain analysis, Porters analysis, trends analysis, and company profiles. The information provided in the report is a result of an extensive research of the global fitness equipment market with inputs from industry experts.

The information provided in the fitness equipment market report assists new entrants, key market players, and investors gain insights into the market conditions and take required steps for their growth. Key findings are outlined in the study based on top impacting factors, top investment pockets, and top winning strategies. The market drivers and restraints help determine the cause of the rise and fall of the industry. The Porters Five Forces Analysis (PFFA) is offered in the study based on the bargaining power of buyers, bargaining power of suppliers, the threat of new entrants, threat from substitutes, and industrial rivalry. This analysis is valuable to devise plans for business growth and assess the level of competition. Competitive landscape of the industry is provided to assist market players in understanding the level of competition in the industry and determine strategies to gain a competitive edge. Research methodology is provided in terms of primary and secondary research methods implemented to gather and validate data.

The report offers a detailed analysis of the global fitness equipment market based on its segmentation. It is segmented into type, end user, and geography. The type segment is further bifurcated into cardiovascular training equipment, strength training equipment, and other equipment. The cardiovascular training segment is again divided into treadmills, elliptical, stationary bike, rowing machine, and others. The cardiovascular training equipment segment garnered $5696.7 million in 2017 and is likely to grow at a CAGR of 4.08% during the forecast period, 2018-2025. By end users, the market is divided into home consumer, health clubs/gyms, and other commercial consumers. The home consumer segment is expected to grow at a CAGR of 3.09% and the health club segment is likely to grow at a CAGR of 4.49% during the forecast period. The other commercial consumer users segment is divided into hotels, corporate offices, hospitals & medical centers, and public institutions (schools, universities, and others). Geographically, the market has been analyzed across the North America, Europe, Asia-Pacific, and LAMEA. In North America, the market is analyzed across the U.S., Canada, and Mexico. The market in Mexico is expected to grow at a CAGR of 4.99% during the forecast period. In Europe, the market is analyzed across UK, France, Germany, Italy, Spain, Portugal, Benelux, and the rest of Europe. The market in Germany is valued at $ 605.6 million in 2016 and is expected to grow at a CAGR of 2.69% during the forecast period. In Asia-Pacific, the market study covers the regions such as Japan, Korea, China, India, Hong Kong, Indonesia, Vietnam, Australia, Malaysia, and the rest of Asia-Pacific.

The market landscape of the global fitness equipment industry is offered based on drivers and restraints. The growing number of health-conscious consumers and the rise in awareness of the benefits of health and fitness are the factors that fuel the growth of the industry. Moreover, the rise in obese population across the world is driving the market growth. The governments initiative of starting various healthcare programs in the developed economies is also propelling the growth of the market. However, the expensiveness of fitness equipment is a major factor that hinders the growth of the market. This is because it is leading to obtaining second-hand equipment by start-up gyms & fitness centers and in-house users. A growing demand for resale products was seen to upgrade fitness facilities in hotels, health clubs, hospitals, and wellness centers.

The study offers a comprehensive analysis of the key manufacturers operating in the global fitness equipment industry. An overview of each market player is provided in the study to assist market players, new entrants, investors, and stakeholders determine steps to be taken to achieve growth in the future. It also offers insights on investment feasibility. Besides their overview, their business performance, key strategic moves & developments, and SWOT analysis are also highlighted in the report. Key market players analyzed in the research report include Brunswick Corp., ICON Health & Fitness Inc., Johnson Health Tech Co. Ltd., Amer Sports Corp., Torque Fitness LLC, Impulse (Qingdao) Health Tech Co. Ltd., TRUE Fitness Technology Inc., Technogym S.p.A., and Core Health & Fitness LLC. Other players include Exigo, Matrix Fitness, Kettler (GB) limited, Nautilus, Inc., and Octane Fitness. These insights assist them to assess the competitiveness prevailing in the global market and adopt growth strategies such as agreements, partnerships, collaborations, mergers & acquisitions, and more.

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Soumya Das is a seasoned editor with more than five years experience in various roles of an editorial cycle. Being a tech enthusiast, he also loves writing on gadgets, technology, software, and latest inventions. He has a rich experience in developing and managing content like technical documents, press releases, reports, feature articles, website content, promotional materials for online as well offline channels, and is presently a part of the Content Editing team of Newsguards.